A Slowing Economy; We Are Past Peak WEF
A Slowing Economy; We Are Past Peak WEF
Signs and symptoms of recession this week: Retail Sales (RSAFS): -1.16% month over month (m/m), motor vehicles -1.62% m/m, food and beverage +0.03%. Bearish. Industrial Production (INDPRO): -0.73% m/m, manufacturing -1.32% m/m. Bearish Producer Prices (PPIACO): -2.00% m/m. Bearish. Baltic Exchange Dry Index (trading economics): new 3-year low. None of this looks good. Note that the first three indicators topped out in the past few months, and are now moving lower, while Baltic Dry has been falling since October 2021. Baltic Dry measures the cost of shipping (source – investopedia) and is more or less a forward-looking index of global
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<quote from DF's text above> "During this next phase, I think it is wise to remember that our real power comes from our natural humanity – creation, the power ...
